Seafreight Forwarding Market Analysis Growth
Seafreight forwarders, also known as non-vessel operating common carriers, are intermediary agents that arrange shipments for industries from manufacturers to the final point of distribution. They have long-term contracts with shipping line carriers for the movement of cargo. This enables them to offer secure movement of cargo at low rates. They act as supply chain experts, and their services include commercial invoicing, declaration of shipper s export, packaging, documentation, warehousing, and distribution at a destination.
Scope of the Report:
This report studies the Seafreight Forwarding market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Seafreight Forwarding market by product type and applications/end industries.
One of the major services provided by forwarding companies is the assistance in cargo packaging, consisting of a description of how a specific cargo should be packaged for safe and secure transportation. The type of product, the time required to reach the destination, and weather conditions prevailing in that specific sea route determine the selection of the type of packaging. Bulk liquids are transported using special flexi tanks with multi-layered bladders. Specialized temperature-controlled containers are used to transport pharmaceuticals to protect their physical, chemical, and biological attributes. According to the seafreight forwarding market analysis, the packaging services will account for major share of the market throughout the forecast period.
In terms of volume, APAC is the largest market for seafreight forwarding and accounts for the largest market share during the forecast period. The presence of the main manufacturing hubs in countries such as China and India has made APAC a major shareholder of the global market. Other factors like the massive trade volumes in Japan, China, and India also drives the seafreight forwarding market growth in this region.
The global Seafreight Forwarding market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Seafreight Forwarding.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
Deutsche Post DHL Group
Kuehne + Nagel
C.H. Robinson Worldwide
CJ Korea Express
Hellmann Worldwide Logistics
Hitachi Transport System
Kerry Logistics Network
NNR Global Logistics
Pilot Freight Services
UPS Supply Chain Solutions
Market Segment by Regions, regional analysis covers
North America United States, Canada and Mexico
Europe Germany, France, UK, Russia and Italy
Asia-Pacific China, Japan, Korea, India and Southeast Asia
South America Brazil, Argentina, Colombia
Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Market Segment by Type, covers
Transportation and Warehousing
VAS Value-Added Services
Market Segment by Applications, can be divided into